Pegasus TransTech announced that it signed hundreds of new fleet and brokerage customers for Transflo Express truckstop scanning in 2009, the worst recessionary year for trucking in memory. In fact, fleets and brokers signed up at the highest rate since Transflo Express launched in 2002, the company says.
“We believe the adoption of Transflo Express indicates carriers large and small understood that in times like these profit is more likely to come from honing efficiencies and speeding cash flow than from expanding the business,” says Bob Helms, chairman and chief executive officer of Pegasus TransTech, based in Tampa, Fla.
Among the carriers adopting Transflo Express last year were some of the largest best-known fleets in the country, including Schneider National, Swift Transportation, U.S. Xpress, CRST Van Expedited, Prime, Covenant Transport, Southern Cal Transport and Raven Transport, among many others. Pegasus TransTech now counts 27 of the nation’s top 35 truckload carriers among its customers, including Crete Carrier Corp., J.B. Hunt Transport, Heartland Express, Knight Transportation, C.R. England and five of the largest brokers. New brokerage customers in 2009 included Top 10 brokers Total Transportation and Trinity Transport.
With Transflo Express, drivers can hand their delivery documents to a trained fuel desk attendant for scanning at more than 540 truckstop locations nationwide. In seconds, these documents are sent electronically to the fleet or broker for immediate billing and payroll processing. Transflo Express cuts days from the billing cycle and allows fleets, brokers and drivers to get paid faster.
“We’re very pleased, but not surprised, at the popularity of Transflo Express,” Helms says. “Of course, when freight demand bumps up against available capacity, the carriers that worked aggressively to permanently speed cash flow and generate efficiencies will be in the best position to profit and grow. That could begin to happen soon.”